The company aims to build what would be one of the country’s largest PV arrays near a high-voltage substation in Queensland’s Lower Wonga region. Via the substation, the project would supply electricity to cities and towns such as Gympie, Gin Gin, Teebar Creek, Mungar, Kilkivan and Brisbane.

The Chinese solar investor and developer has revealed plans to issue 700,000,000 shares to Driven Innovation at HK$0.95 per share, representing about 9.39% of its existing issued share capital. It expects net proceeds to reach HK$664.5 million ($85.4 million).

This year’s busy SNEC exhibition delivered its usual steady stream of news, new products and market insight. pv magazine rounds up the main stories and trends from the three-day event.

The U.S. development unit of the Japanese CIS thin-film manufacturer has completed the sale of the 40 MW (DC) Midway II project in California.

The German asset manager has completed the divestment of its second solar project in Japan.

The Japanese group — which develops solar projects and provides PV systems solutions, in addition to EPC and O&M services — has warned of “substantial doubt” over its “ability to continue as a going concern,” largely due to the decline of its nuclear business in the U.S.

The developer — a venture between Japanese telecoms giant SoftBank, New Delhi-based conglomerate Bharti Enterprises and Taiwanese contract manufacturer Foxconn — has commissioned its first project in the country in Kurnool district, in the state of Andhra Pradesh.

State-owned utility PT PLN (Persero) signed agreements with six developers in late March to build PV projects throughout the Southeast Asian nation.

The Chinese PV manufacturer fell from a 2015 net profit of 16.4 million yuan ($2.4 million) to a net loss of 239.1 million yuan in the year to the end of December 2016.

The Japanese electrical equipment supplier provided the battery to Taiwan Power Research Institute, which will pair the system with variable renewables such as solar in a pilot project.